Corcentric
Provides procurement and finance software for business spend management.
Company facts
- Founded
- 1996
- Employees
- 574
- Headquarters
- United States
- CEO
- Matt Clark
- Type
- Private
- Funding
- Series B · $80M · 2020
- Subsidiaries
- Vendorin, Determine, Netsend, Source One Management Services, Corcentric Capital Equipment Solutions
About
Corcentric is a leading global provider of procurement, payments, and finance solutions, offering a combination of software, advisory services, and payments designed to help enterprise and middle-market companies reduce costs, optimize working capital, and unlock revenue. Founded in 1996, the company has a long history of assisting businesses in transforming how they purchase, pay, and get paid. Corcentric's mission is to alleviate stress and increase savings for procurement and finance professionals by forming strategic partnerships to diagnose pain points and deliver tailor-made solutions that address unique business challenges. The company emphasizes a customer-centric approach, cultivating partnerships across various geographies, cultures, and sectors to understand and meet evolving financial technology, purchasing, and financing needs. Corcentric's comprehensive suite of solutions spans source-to-pay, order-to-cash, and fleet management. These offerings empower customers to manage sourcing, suppliers, contract lifecycles, procurement needs, invoices, and finances through highly automated and intuitive software. The Corcentric Platform is a full Source-to-Pay (S2P) suite that includes Source-to-Contract (Sourcing, Supplier Management, Contract Lifecycle Management), Procure-to-Pay (Procurement, Invoice Management, Financial Management), and Payments, all built on the Corcentric Core Framework. The company also provides managed services for accounts receivable, accounts payable, sourcing, procurement, and payments, aiming to free client teams from routine tasks to focus on strategic projects. Corcentric has grown both organically and through targeted acquisitions, including Determine (a source-to-pay pioneer), Netsend (an electronic invoicing innovator), and Source One (a sourcing and procurement advisory). This strategic expansion has enhanced its capabilities and global reach, serving thousands of customers worldwide. The company is headquartered in Cherry Hill, New Jersey, and has offices across North America and Europe.